Moscow, December, 2 2004. CenterTelecom enhanced board meeting with the participation of the company’s General Director Ruben Amaryan, members of the Board and Deputy General Directors - Directors of the branches was held in Smolensk.

At the meeting the results of CenterTelecom operations during 9 months of the current year, the Y 2004 preliminary results throughout the company and in separate branches as well as long-term development plans for the upcoming 2005 were discussed.

During the visit of CenterTelecom delegation to Smolensk a meeting of the company’s General Director Ruben Amaryan with the Governor of Smolensk region Victor Maslov took place. At the meeting the company’s plans for the development and improvement of Smolensk region telecommunications infrastructure, the progress of Electronic Russia Federal Program, and the issues of providing telephone communications in remote populated areas and installations of phones to WW2 veterans and disabled veterans timed for the 60th anniversary of the Victory were discussed.

While commenting on the meeting results, Victor Maslov pointed out that during two years since the moment of the Inter-regional company was founded, CenterTelecom proved to be a reliable partner distinguished by high professionalism and capability of carrying out large-scale innovational programs and social projects aimed at the improvement of quality of life of the citizens of the region. "I am sure, that together with this company we will manage to address a lot of serious problems in the IT and communications sphere of Smolensk region," – pointed out the governor.

Talking about the results of the visit to Smolensk, CenterTelecom General Director Ruben Amaryan said that he had very positive impressions from this trip. “The company’s Smolensk branch demonstrates very good performance, has very good partnership relations with the regional authorities and is very good at addressing the issues related to providing reliable communications service. Field CenterTelecom management sessions are very important, - said Ruben Amaryan, - they allow to better learn what kind of problems the branches are facing, familiarize with the working conditions of their employees on the spot, and to make further plans in view of the regional specifics.

CenterTelecom is a leading fixed communications company providing the entire range of telecommunication services in the Central Federal District where over 20 % of the population of Russia resides. CenterTelecom offers the full range of telecommunication services, including telephony service, the Internet, IP telephony, data communications, CATV, wired and VHF broadcasting. The company actively develops modern multiservice and SDH networks as well as new radio access systems. The Company trades on RTS (ESMO, ESMOP), Moscow Interbank Currency Exchange (CTEL, CTELP) and has ADR Level 1 common stock program (CRMUY).